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Lease Accounting (Tables)
 9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
Schedule of Operating Lease, Lease Income The following table presents the Company’s classification of rental revenue for its operating leases and sales-type lease for the three and nine months ended September 30, 2025 and 2024:
Three Months Ended September 30,Nine Months Ended September 30,
Classification 2025202420252024
Fixed$72,339 $69,708 $217,514 $209,468 
Sales-type lease income— 1,863 — 5,679 
Variable(1)
13,472 12,978 42,934 39,377 
Total$85,811 $84,549 $260,448 $254,524 
(1) Primarily comprised of tenant reimbursements.
Schedule of Lessor, Operating Lease, Payments to be Received, Maturity
Future fixed rental receipts for operating leases assuming no new or re-negotiated leases as of September 30, 2025 were as follows:
Operating
2025 - remainder$71,143 
2026278,987 
2027245,754 
2028211,982 
2029185,456 
2030139,237 
Thereafter392,291 
Total$1,524,850 
Schedule of Lease, Cost
Supplemental information related to operating leases is as follows:
Nine Months Ended
September 30, 2025September 30, 2024
Weighted-average remaining lease term
Operating leases (years)9.48.9
Weighted-average discount rate
Operating leases4.3 %4.1 %
The components of lease expense for the nine months ended September 30, 2025 and 2024 were as follows:
Income Statement Classification FixedVariableTotal
2025:
Property operating$2,578 $15 $2,593 
General and administrative(1)
1,412 232 1,644 
Total$3,990 $247 $4,237 
2024:
Property operating$2,628 $15 $2,643 
General and administrative1,213 187 1,400 
Total$3,841 $202 $4,043 
(1) For the nine months ended September 30, 2025 and 2024, the general and administrative lease expense excludes a reduction of $741 and $492, respectively, to lease expense for the sublease of the Company's office space in New York, New York.
Schedule of Lessee, Operating Lease, Liability, Maturity
The following table shows the Company's maturity analysis of its operating lease liabilities as of September 30, 2025:
Operating Leases
2025 - remainder$1,308 
20264,451 
20273,968 
20281,356 
2029519 
2030301 
Thereafter5,095 
Total lease payments$16,998 
Less: Imputed interest(3,427)
Present value of lease liabilities$13,571